Grads: Be Glad You're Finally Free of This

Wall Street's collapse is a blessing in disguise
By Wesley Oliver,  Newser Staff
Posted Feb 20, 2009 5:33 PM CST
Harvard President Drew Faust has encouraged students to look for career paths beyond Wall Street.   (AP Photo/Lisa Poole)
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(Newser) – The best asset an imploded Wall Street is providing this year’s college grads is their freedom, Ellen Goodman writes in the Boston Globe. During the boom, bright students streamed to Wall Street, but those days seem over. Sure, without a phalanx of white-collar recruiters after them, many have no job prospects and remain mired in debt—“It’s not so easy to sell out even if you wanted to," one told Goodman. But this is a good thing.

"If freedom is just another word for no high-flying job left to lose, it opens room for risk-taking. And—dare I say it?—idealism,” Goodman explains. “So the sort-of, kind-of, maybe silver lining could be a generation that isn't lost, but rescued.” Quipped Harvard’s sanguine president, “You can pick which sector you wish to be unemployed in.”